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541  Local / India / Re: Anyone here unbanked? on: September 21, 2013, 02:02:15 PM
it is like in those joke.

If you see a man who has roc ket lau ncher which cost 25000 usd and does not have shoes, he is tali ban

diverted minds, firs they paint picture in their mind a later searching if there is any real analogues to it. Why just not to be a little normal, first you see some real life, then paint a picture in your brain according to it. All fun of been mad get lost I guess.

you ask this guy, if they have in USA a guy with 10 bank accounts and without mobile phone.

I like your obsfucation.
542  Economy / Service Discussion / Re: Instawallet claim process on: September 21, 2013, 12:18:03 PM
Received my payout today. Thank you. Pretty simple. Follow instructions. Prove ownership. Receive payment.

Excellent company. Good for the industry.
543  Other / Beginners & Help / Re: Amsterdam Bitcoin Conference Warm up on: September 20, 2013, 07:01:32 PM
Some anonymous guy named Moe is supposedly running it.

MNW is "promoting it"

544  Other / Beginners & Help / Re: Amsterdam Bitcoin Conference Warm up on: September 20, 2013, 05:31:06 PM
Is anyone going to this conference. How many attendees have registered?
545  Bitcoin / Press / Re: 2013-09-19 Financial Post - Canadian Mint ready to test its own digital money... on: September 20, 2013, 05:28:59 PM
Canadian Mint ready to test its own digital money project

http://business.financialpost.com/2013/09/19/canadian-mint-pushes-ahead-in-murky-world-of-crypto-currency-with-mintchip-project/

MintChip is dead.... Long live MintChip!

Edit: Be sure to watch the news clip at the bottom of the article, an attempt to explain bitcoin to two news anchors. Destined to become a classic.

That video is EPIC.

I love that tec guys enthusiasm but he did a terrible job of trying to explain what it is.  No fault of his own.  It is just difficult to grasp the complex and revolutionary idea of a decentralized currency.

1. You can mine bitcoin
2. You can earn bitcoin
3 You can buy bitcoin

You can use bitcoin to purchase or exchange value with anyone who wants it and who has something you want.

Bottom Line.   If two people agree on the value of a transaction then it is no different then any other transfer of value. 
546  Bitcoin / Legal / Trends in Electronic Payments - Paul Hastings LLP on: September 20, 2013, 03:48:16 PM
This was Published on May 28, 2013
Corporate Partner Chris Daniel and Litigation Partner Thomas Brown discuss electronic payments.

They discuss bitcoin starting at 4:08

http://youtu.be/GtSYzhnRJN8?t=4m8s

Chris is considered one of the best money transmission lawyers in the country.
547  Bitcoin / Legal / Re: FinCEN responds to clarification requests on: September 20, 2013, 12:01:48 AM
Never heard "starve the beast"? That is a tactic promoted in the libertarian movement. It is typically referred to in regards to taxation. Liberty candidates advocate for cutting tax revenues to such a great degree that the government stops functioning and is forced to enact massive budget cuts.

I support bitcoin because every transaction that happens with it is tax revenue that the state no longer has.

My goal is to defund the governments of the world.

They are not going to willfully let it happen. I told my family when I started that at some point i would probably be labeled a financial terrorist.  

Interesting. I'm not a libertarian so I guess I wouldn't know. But the us government seems to be doing a good job running out of funds all by itself.  The total amount of US tax dollars collected supports less that 1/2 of the cost of all the programs the government provides.   Thus the need to continue to print USD  to the tune of $85 Billion Dollars a month.  

Soon we'll see this photo with US Dollars.
548  Bitcoin / Legal / Re: FinCEN responds to clarification requests on: September 19, 2013, 10:08:25 PM
Huh???
549  Bitcoin / Legal / Re: FinCEN responds to clarification requests on: September 19, 2013, 09:29:25 PM
This is something that we all should be looking at. Look at Mt.Gox, they put on their application at the bank that they were not a money transmitter, yet they are and the govt swooped in and took about 5 million dollars. They aren't even based here...

But Mt Gox's money was located in the US.  As the world financial hub and the issuer of the world reserve currency, The US and its regulations will carry significant weight globally.
550  Bitcoin / Legal / Re: FinCEN responds to clarification requests on: September 18, 2013, 03:20:44 PM
I would think that a pool should get licensed.

So a pool in Kazakhstan gets licensed under the non-existent MSB laws there?

Only if the person who receives the bitcoins from the pool in Kazakhstan sells his bitcoins to someone in the US.
551  Bitcoin / Armory / Re: Armory Bitcoin Wallet Raises $600k led by Trace Mayer on: September 16, 2013, 03:20:14 PM
Congratulations Alan!  Great news.
552  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundation Final Debate on: September 15, 2013, 02:45:49 PM
Also, agreed, why don't they do transcripts?

"They" are "we",  the members of this community. Did you volunteer to do transcripts like they volunteered to produce and participate in this debate?

Kluge,  thanks for transcribing.

And thanks to everyone involved in producing this debate.

I'm continually impressed by the talent and commitment and the passion of this community.
553  Economy / Reputation / Re: KingofSports Reputation thread on: September 12, 2013, 06:13:13 PM
Trusted.
554  Bitcoin / Bitcoin Discussion / Re: [ANN] Bitcoin Foundation Board Election Details Announced on: September 07, 2013, 07:48:00 PM
The Bitcoin Foundation's mission is here:

https://bitcoinfoundation.org/about/
(nothing specific about the US)

- Bitcoin is a protocol with a global user base.
- 60%* of the Foundations member are from outside of the US(* from the recent bitcoin foundation newsletter).
- New Bitcoin Foundation Executive Director Jon Matonis talks about his agenda for the foundation here.
https://soundcloud.com/mindtomatter/e23-2-setting-the-agenda-with

While the path that legislation and regulation take us down in the US is important this should not be the sole concern of the foundation.
https://plus.google.com/114798402540078632611/posts/KUEn4qQ3NpA
555  Bitcoin / Bitcoin Discussion / Re: [ANN] Bitcoin Foundation Board Election Details Announced on: September 07, 2013, 04:40:24 PM
Platzer
556  Bitcoin / Press / 2013-08-04 bankdirector.com Should Your Bank Do Business With Bitcoin? on: September 05, 2013, 10:33:37 PM
...there’s no reason a compliant Bitcoin company shouldn’t be able to get banking services...

http://www.bankdirector.com/index.php/board-issues/strategy/should-your-bank-do-business-with-bitcoin/

Here are factors to consider if a Bitcoin company seeks a relationship with your bank:
Is the Bitcoin company compliant with the traditional regulatory requirements for financial institutions including Bank Secrecy Act regulations?
Is the Bitcoin company registered as a money services business in accordance with the FinCEN guidance issued in March and has the company fully implemented an effective AML and Know Your Customer compliance program?
Even if not required, what procedures are in place for the Bitcoin company to collect the personal information on customers and transactions? Although Bitcoin is favored by some for its anonymity, Bitcoin intermediaries can implement procedures to voluntarily comply with obligations.
Is the Bitcoin company licensed under state money transmitter laws? And if not, have they received legal opinions on why a license is not required?
As regulatory focus increases, are there compliance policies and procedures in place to enable the Bitcoin company to react quickly, effectively and efficiently to new regulations?
Does the Bitcoin company have an experienced compliance officer?
Has the Bitcoin company conducted adequate due diligence on all parties who touch the flow of funds?
What Does This Mean to me?

Whether it is Bitcoin or another virtual currency, the potential exists to revolutionize international payments through a Bitcoin style payment or distribution system. For this to occur, regulators, financial institutions and businesses need to understand and accept the potential impact and join the dialog to develop strong banking relationships with Bitcoin companies that focus on complying with the law even in light of the current regulatory uncertainty.
557  Economy / Scam Accusations / Re: Beware doing trades with Tigerguy007 on: September 05, 2013, 12:19:05 PM
I know tiger guy. Doesn't sound like him. And as far as I know he does not trade GC. Nick squatters and scammers often assume the identity of trusted traders.  Always confirm that the person you are trading with is who they say they are. If you are not sure as someone who traded with them.
558  Other / Beginners & Help / Re: OMG OMG 51% attack?!?! 88.208.1.24 on: September 05, 2013, 04:52:42 AM
who's that?
559  Other / Beginners & Help / Re: OMG OMG 51% attack?!?! 88.208.1.24 on: September 05, 2013, 03:54:33 AM
ASIC Farm
560  Bitcoin / Press / 2013-09-04 Politico Feds could allow Bitcoin campaign donations on: September 05, 2013, 12:06:30 AM
FYI


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